What is average utility - SS2 Economics Concept of Utility – Average, Marginal And Total Utility Question
What is average utility?
A
The additional satisfaction or happiness that a consumer gets from consuming one additional unit of a good or service.
B
The overall satisfaction or happiness that a consumer gets from consuming a particular quantity of a good or service.
C
The total utility derived from consuming a good or service divided by the quantity of the good or service consumed.
Ask EduPadi AI for a Detailed Answer
Correct Option: C
Please share this, thanks:
#SS2 #SS2
Add your answer
No responses